Forensic Audit Skills Book: Profit From Conducting Internal Audits:

Audit sampling is an investigative tool in which less than 100% of the total items within the population of items are selected to be audited. It is an auditing technique that provides supporting evidence that allows auditors to issue audit opinions without having to audit every single item and transaction. The primary time-saver is the Auditmetrics AI assistance feature that makes it possible to rapidly sample an account. As in polling, the business manager sets a margin of error and the sy...